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Inventories, Net

9 Months Ended

Dec. 31, 2024

Inventories, Net [Abstract]

INVENTORIES, NET

3 — INVENTORIES, NET

Inventories, net consisted of the following:

		December 31, 2024				March 31, 2024
Batteries		$	2,893,576			$	1,009,228
Electric Vehicles			4,665,639				2,634,643
Tires			608,145				687,927
Accessories			1,374,298				1,546,283
Inventories			9,541,658				5,878,081
Inventory reserves			(936,030	)			(514,021	)
Inventories, net		$	8,605,628			$	5,364,060

Movements of inventory reserves are as follows:

		December 31, 2024				December 31, 2023
Beginning balance		$	514,021			$	431,363
Addition			678,157				287,946
Write off			(256,147	)			(316,278	)
Ending Balance		$	936,030			$	403,031

As of December 31, 2024 and March 31, 2024, the inventory allowance balance was $936,030 and $514,021, respectively. For the three months ended December 31, 2024 and 2023, the impairment loss was $347,333 and $128,095, respectively. For the nine months ended December 31, 2024 and 2023, the impairment loss was $678,157 and $287,946, respectively.

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- Definition

The entire disclosure for inventory. Includes, but is not limited to, the basis of stating inventory, the method of determining inventory cost, the classes of inventory, and the nature of the cost elements included in inventory.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 330
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/330/tableOfContent

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- References

No definition available.

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